Announced on October 18, 2022, Kim was awarded the 2022 Top 5 Economists badge from EB5 Investors Magazine.
You can find this badge on our homepage, here.
What do you think about the EB-5 Reform and Integrity Act of 2022?
I’m relieved that Congress has finally authorized the regional center program for an extended period. Although some of the language in the bill could have been worded more clearly, I believe we now have a set of workable rules for our industry. My hope at this point is that USCIS steps up and provides clarification with a new, well-considered regulation, and that the adjudication process begins to move again. After that, I hope Congress can work out the visa situation and put the EB-5 program on the same footing as the other immigration programs.
What new types of projects and trends are you seeing in the EB-5 industry?
Since the passage of the Act, many clients have approached us to help them apply for new regional center geographies that are considerably larger than what they had before. This makes sense on two levels. First, the larger geographies allow the regional centers to capture rural areas they might not have considered important in the past. The new, legislative emphasis on rural projects is certain to encourage this approach across the industry. Second, with the creation of the “integrity fund” and its large annual fee per regional center, it’s wise to request as much geography as possible.
Read the full publication here, from the EB5 Investors Magazine website.
